GAMMA Investing LLC Purchases 20,439 Shares of Marcus & Millichap, Inc. (NYSE:MMI)

GAMMA Investing LLC boosted its holdings in Marcus & Millichap, Inc. (NYSE:MMI - Free Report) by 4,330.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,911 shares of the real estate investment trust's stock after purchasing an additional 20,439 shares during the quarter. GAMMA Investing LLC owned about 0.05% of Marcus & Millichap worth $720,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of MMI. Norges Bank purchased a new stake in Marcus & Millichap in the fourth quarter worth about $2,727,000. JPMorgan Chase & Co. grew its holdings in Marcus & Millichap by 61.5% in the fourth quarter. JPMorgan Chase & Co. now owns 123,089 shares of the real estate investment trust's stock worth $4,709,000 after purchasing an additional 46,865 shares during the period. Proficio Capital Partners LLC purchased a new stake in Marcus & Millichap in the fourth quarter worth about $830,000. Tudor Investment Corp ET AL purchased a new stake in Marcus & Millichap in the fourth quarter worth about $756,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Marcus & Millichap by 4.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 403,560 shares of the real estate investment trust's stock worth $15,440,000 after purchasing an additional 18,785 shares during the period. Hedge funds and other institutional investors own 62.78% of the company's stock.

Marcus & Millichap Trading Up 0.1%

MMI traded up $0.02 during midday trading on Friday, reaching $30.82. The company's stock had a trading volume of 287,576 shares, compared to its average volume of 106,449. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of -181.30 and a beta of 1.22. Marcus & Millichap, Inc. has a 1 year low of $27.61 and a 1 year high of $42.80. The stock's 50-day moving average is $30.03 and its 200-day moving average is $34.42.

Marcus & Millichap (NYSE:MMI - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported ($0.11) earnings per share for the quarter, topping analysts' consensus estimates of ($0.16) by $0.05. The business had revenue of $145.04 million for the quarter, compared to analysts' expectations of $140.20 million. Marcus & Millichap had a negative net margin of 0.95% and a negative return on equity of 1.09%.

Marcus & Millichap Company Profile

Marcus & Millichap, Inc engages in the provision of investment real estate brokerage services. It specializes in commercial real estate investment sales, property financing, research, and advisory services. The company was founded by George M. Marcus and William A. Millichap in 1971 and is headquartered in Calabasas, CA.